Microsoft Teams for Your Company

1. Microsoft Teams for Your Company: The Vendor Management Tool Companies around the world are now using Microsoft Teams as a vendor management tool. It provides an easy way to collaborate and manage vendors from anywhere – all in one place! Microsoft Teams is the chat-based workspace that brings together your people, conversations, and content. It's built on Office 365 Groups to help you get work done faster by bringing teams, chats, and files in one place. You can also easily manage your vendor portal in Microsoft teams using the Vendor Management tool (VMT). VMT provides a feature-rich portal that can help you manage vendors from the minute they start working for your company to when their contract expires. We will look at some of those features and how you can use them: VMT can be accessed from Microsoft teams or on the web. You can assign tasks to vendors, track the task's progress, and get notified when they are complete. The portal allows you to manage different contracts with detailed information about each vendor, including contact details, preferred communication, etc. It also allows you to attach contract templates, service level agreements (SLA), company policies, etc. The vendor portal provides information on all the tasks assigned and completed by your vendors in one place, so it's easy for managers to review them when needed. You can also track invoices submitted by each vendor and all the expenses and payments done to them. VMT is a feature-rich tool that helps you manage your vendors efficiently. It can be accessed from Microsoft teams and is a valuable asset for companies that use vendors. Know here about external users in office 365.